Young businesspeople expect a worsening of the economic climate – but they are also convinced of being able to weather the turmoil. The Association of Young Entrepreneurs said yesterday (Tues) it interviewed 2,200 self-employed Austrians in the past weeks. Around seven in 10 of them expect a new crisis but only two per cent fear […]
The latest labour statistic has dished up good and bad news for Austria’s lawmakers and employees. Around 360,500 people had no job last month, according to Statistik Austria. The agency said yesterday (Mon) this was a decline of 0.8 per cent compared to December 2010. It pointed out that the number of people sitting re-education […]
Vienna takes fifth place in a survey checking European city’s tourism competitiveness. German consulting group Roland Berger investigated the marketing efforts of 24 capital cities in Europe in their battle for vacationers. The firm’s study also considered economic aspects. Roland Berger ranked Vienna in fifth place, neck and neck with Berlin in Germany. Paris in […]
Austrian National Bank (OeNB) President Claus Raidl has called on the government to lower taxes on labour. Raidl told Die Pressr today (Weds) the taxation burden on labour must decline. He called Austria’s income tax system as “insane”. International organisations like the OECD, the Organisation for Economic Co-operation and Development, and the International Monetary Fund […]
Semperit boss Thomas Fahnemann has said he expected next year to be “significantly more difficult”. Fahnemann told the Kurier today (Tues) the economy would not suffer as dramatically as in 2009. However, the German businessman warned that the economic environment might worsen next year compared to 2011. Semperit is a leading manufacturer of medical gloves, […]
Moody’s has confirmed Austria’s credit rating. The influential rating agency said on Friday it decided not to lower the country’s rating from the best-possible grade of AAA. Moody’s added that it did not touch the Austrian economy’s outlook either. The rating agency explained Austria’s economy was doing well thanks to its muscular export industry. Moody’s […]
Vienna will get a Ritz next year, it was confirmed yesterday (Tues). A group of Kazakh investors signed contracts with Austrian real estate company Bauträger Austria Immobilien GmbH (BAI) in Vienna. The business partners said afterwards that a new hotel of the famous brand would open in the city in the second quarter of 2012. […]
Austria’s third-biggest construction company has warned its shareholders of potential losses. Porr AG announced today (Thurs) it might suffer a loss of 70 to 80 million Euros before tax by the end of this year. The firm said it was challenged by write-offs in Eastern European (EE) countries like Hungary and Romania where state-owned institutions […]
Spar Austria head Gerhard Drexel has vowed to keep focusing on organic products due to the strong demand for the supermarket’s own Natur Pur range. Drexel told the Kurier today (Thurs) that his supermarket chain’s Natur Pur portfolio had achieved two-digit growth rates each year since its introduction. The businessman claimed the sale of organic […]
Austria remains Europe’s model pupil as far as unemployment rates are regarded. The country, which joined the European Union (EU) in 1995, had a jobless rate of 4.1 per cent in October, according to research by Eurostat. The agency carries out research for the European Commission (EC). Eurostat said today (Weds) Luxembourg registered the second-lowest […]